Premier production up 13%, as reported in Interim Management Statement (Scandinavian Oil-Gas Magazine)

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Premier production up 13%, as reported in Interim Management Statement

Published May 15, 2014

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Premier provides its Interim Management Statement for the period 1 January to 30 April 2014.

Highlights

Production averaged 65.8 kboepd, up 13% on prior corresponding period; full year guidance maintained at 58-63 kboepd. Premier-operated Dua, Pelikan, Naga and Solan projects targeting first oil/gas later this year. Board approvals received and key service contracts awarded on Catcher; UK Government approval expected shortly. Sea Lion project FEED and exploration drilling contract award planned for this quarter. Oil and gas discovery at Kuda Laut, Indonesia and gas discovery at Kadanwari, Pakistan; results of Singa Laut and Ratu Gajah wells in Indonesia expected shortly. £75 million share buyback in progress.

Tags: Premier Oil

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